Poly Permanent Union Holding Group Limited (保利久聯控股集團有限責任公司), approved by the State-owned Assets Supervision and Administration Commission of the State Council, is the largest commercial explosive company in China.
With a registered capital of 293.18 million yuan ($44.3 million), the company has total assets of 12.9 billion yuan and its operating income reached nearly 5 billion yuan in 2015.
The group has seven subsidiaries with over 10,000 employees.
The company is principally engaged in the operation and management of state-owned assets, investment, financing, civil blasting equipment production and sales, blasting construction and technical services, armed escorts, real estate development and sales, rental of houses and other businesses.
The group has a total of 43 explosives production lines, including eight production lines for pipelines, and industrial explosives production capacity of 442,500 tons, among which 210,000 for detonators, 40 million meters for plastic detonators, and 10 million meters for detonating cables.
Its production distribution and sales cover 25 provinces (cities and autonomous regions) including Xinjiang Uygur autonomous region, Guizhou, Shandong, Liaoning, Gansu, Henan, and Jiangxi provinces.
Its overseas sales expand to more than 30 countries and regions, such as Vietnam, Myanmar, Sri Lanka, Turkey, Sudan, South Africa, Australia, and Chile.
The company is the demonstration unit of intellectual property in Guizhou province and contains the second batch of enterprises with preponderant intellectual property advantages in Guizhou and the first batch of innovative leading enterprises in Guizhou. It owns 148 patents and 36 various kinds of awards on science and technology.
By 2020, the company aims to reach its explosives production capacity of 1 million tons, with total assets of more than 30 billion yuan, annual operating income of more than 10 billion yuan, and the total profit of more than 1 billion yuan.
